The homestead act - Study guides, Class notes & Summaries

MD Real Estate PSI exam Latest Update Graded A+ home equity loan A loan under which a property owner uses the property as collateral and can then draw funds up to a prearranged amount against the property. Also called a home equity line of credit, or HELOC. home inspection A thorough visual survey of a property's structure, systems, and site conditions conducted by a professional. Home Mortgage Disclosure Act A federal law, implemented at its creation by Regulation C of the Fede...

Certified Pennsylvania Evaluator Exam (CPE) Latest Update Graded A+ Assessor Any person responsible for the valuation of real property for ad valorum taxation purposes Duties and Responsibilities of an Assessor Discovering, Listing, Valuing Clean & Green - Act 319 Has two values, Value in Use and Value in Exchange An Assessor is accountable to whom? Himself, taxpayers and all taxing authorities In order for an assessor to accomplish the task of discovering property, the assessor...

Bob Hogue Florida Real Estate Final Exam Questions and Answers 100% Pass What must a real estate agent provide to a client before entering into a brokerage relationship? A written disclosure of the nature of the relationship. In Florida, what document must be executed to create an enforceable lease agreement longer than one year? A written lease agreement. What is the main purpose of the "Truth in Lending Act" (TILA)? To ensure that lenders provide borrowers with clear and ...

Wrongful or criminal deception intended to result in financial or personal gain is called: - Answer- fraud The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: - Answer- 90 days __________ extend above the surface without limitation. - Answer- air rights An example(s) of an appurtenance would be: - Answer- easements There is no upper limit on the value of a Texas homestead. - Answer- true A(n) __________ is one that combines some of ...

a running stream is considered - ANSWER-real property water found on the land in watercourses, such as natural springs, streams, or rivers and in bodies of water, such as ponds or lakes is called - ANSWER-surface water What is riparian rights - ANSWER--riparian property owners have reasonable use of the follow water - the owner of property bordering a stream or river has riparian rights -the owner of adjacent land may not lawfully divert all available waterand thereby deprive a riparian ...

MD Real Estate PSI exam Question and answers 100% correct 2024 MD Real Estate PSI exam home equity loan - correct answer A loan under which a property owner uses the property as collateral and can then draw funds up to a prearranged amount against the property. Also called a home equity line of credit, or HELOC. home inspection - correct answer A thorough visual survey of a property's structure, systems, and site conditions conducted by a professional. Home Mortgage Disclosure Act ...

Sophia US History 1 Milestone 4 1 Which of the following events resulted in western lands being given away for a nominal fee to independent adults who could improve on them? The Treaty of Fort Laramie The Homestead Act The Indian Wars The Morrill Act CONCEPT Towards a Greater Reconstruction 2 Which of the following was an advantage for the Union in the Civil War? A relatively simple mission More developed infrastructure Easy victories in Richmond and Vicksburg The South's refusa...

LAW OF CONTRACTS CHAMPIONS EXAM 2024 WITH 300 REAL EXAM QUESTIONS AND CORRECT VERIFIED ANSWERS ALREADY GRADED A+ (BRAND NEW!!) The Special Provisions paragraph of the contract allows license holders to insert: - ANSWER-Factual business details, Statements not addressed in the contract, Information for which there is no TREC-promulgated addendum, lease or mandatory form There is no upper limit on the value of a Texas homestead. - ANSWER-true An offer by a prospective purchaser can be t...

Real Estate Law Questions and Answers Fully solved What is a statute? (a) a law created by a state legislature or by Congress (b) a law created by a city or municipality (c) a law created by court rulings (d) a law created by a state or U.S. Supreme Court a. a law created by a state legislature or by Congress The state laws of Texas are codified, and bound in volumes called _____. (a) The United States Code Annotated (b) The Texas Constitution (c) Vernon's Annotated Texas Statut...

What are the types of fee simple estates? - Fee Simple Absolute Fee Simple Defeasable Fee Simple Absolute - The best type of ownership you can get. Fee Simple Defeasible - Subject to occurrences or non occurrences of specified time. Two types of fee simple defeasible? - Fee simple determinable 2 Condition subsequent Fee Simple Defeasible - Will include: so long as, while, during and includes the term reverter. Reverter - Former owner can take back land with no legal action if ...